IVU Traffic Technologies AG Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Year 2012
IVU Traffic Technologies AG reported consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue was EUR 7,878,000 against EUR 7,755,000 a year ago. LBIT was EUR 625,000 against EBIT of EUR 47,000 a year ago. Consolidated loss was EUR 679,000 or EUR 0.04 per undiluted and diluted share against EUR 4,000 or EUR 0.00 per undiluted and diluted share a year ago. Loss before taxes (LBT) was EUR 679,000 against EUR 4,000 a year ago. Cash flow from current business activities were EUR 1,637,000 against EUR 501,000 a year ago. Payments for investments in property, plant and equipment was EUR 170,000 against EUR 133,000 a year ago.
For the year 2012, the company expects revenue of more than EUR 40 million and gross profits of EUR 30 million.